TMCNasdaqMetal MiningFiscal year ends December 31
TMC the metals Co Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.62+0.04 (+1.55%)
Close on Oct 19, 2026
- Market cap
- $1.14B
- P/E (TTM)
- 3.2
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
13.4%
59M of 441M shares
Institutional holders
212
37 new, 30 sold out
Net institutional buying
-2M
In Q2 2026
Insider trades, 12 months
1 buys · 6 sales
Net sold $2.38M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Edward Heerema | 67,502,501 | 15.60% | 13D (active) amendment | Jul 1, 2026 |
| Gerard Barron | 30,809,638 | 6.90% | 13D (active) amendment | Sep 9, 2026 |
| Korea Zinc Company, Ltd. | 26,491,557 | 7.20% | 13G (passive) | Jun 25, 2025 |
| First Manhattan Co. LLC. | 22,991,050 | 6.50% | 13D (active) | May 12, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TMC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| First Manhattan Co. LLC. | 15,315,924 | 3.47% | $67.85M | – | 0.17% |
| Citadel Advisors LLC | 3,275,718 | 0.74% | $14.51M | −350,183 | 0.00% |
| Millennium Management LLC | 2,935,946 | 0.67% | $13.01M | −130,232 | 0.00% |
| Anson Funds Management LP | 2,644,476 | 0.60% | $11.72M | New | 0.70% |
| Baird Financial Group, Inc. | 2,429,803 | 0.55% | $10.76M | −40,284 | 0.01% |
| Jane Street Group, LLC | 2,427,576 | 0.55% | $10.75M | −4,540,263 | 0.00% |
| Susquehanna International Group, Llp | 2,368,461 | 0.54% | $10.49M | +385,315 | 0.00% |
| Tudor Investment Corp Et Al | 1,691,752 | 0.38% | $7.49M | +61,989 | 0.01% |
| Marshall Wace, Llp | 1,572,699 | 0.36% | $6.97M | −847,247 | 0.01% |
| BlackRock, Inc. | 1,479,956 | 0.34% | $6.56M | +239,120 | 0.00% |
| Yorkville Advisors Global, LP | 1,303,900 | 0.30% | $9.31M | New | 10.80% |
| Old West Investment Management, LLC | 1,204,038 | 0.27% | $5.33M | – | 0.56% |
| State Street Corp | 1,143,002 | 0.26% | $5.06M | +156,852 | 0.00% |
| Group One Trading, L.P. | 1,055,308 | 0.24% | $4.68M | +114,824 | 0.01% |
| Hrt Financial LP | 982,280 | 0.22% | $4.35K | −21,770 | 0.00% |
| Renaissance Technologies LLC | 894,400 | 0.20% | $3.96M | +164,400 | 0.01% |
| UBS Group AG | 864,728 | 0.20% | $3.83M | −483,213 | 0.00% |
| Point72 Asset Management, L.P. | 822,415 | 0.19% | $3.64M | +660,448 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 642,898 | 0.15% | $2.85M | +45,261 | 0.00% |
| Vanguard Portfolio Management LLC | 635,840 | 0.14% | $2.82M | +46,187 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 212 | 59M | 13.4% | 37 / 71 | 47 / 30 | 10M | 11M |
| Q1 2026 | 209 | 61M | 13.7% | 45 / 71 | 43 / 32 | 23M | 10M |
| Q4 2025 | 199 | 48M | 11.0% | 60 / 48 | 49 / 31 | 11M | 10M |
| Q3 2025 | 174 | 47M | 10.6% | 46 / 50 | 37 / 34 | 11M | 10M |
| Q2 2025 | 163 | 45M | 10.2% | 73 / 36 | 23 / 14 | 18M | 8M |
| Q1 2025 | 104 | 36M | 8.1% | 30 / 19 | 19 / 10 | 7M | 4M |
| Q4 2024 | 87 | 33M | 7.4% | 15 / 21 | 13 / 17 | 17M | 1M |
| Q3 2024 | 89 | 17M | 3.9% | 13 / 18 | 12 / 13 | 2M | 3M |
| Q2 2024 | 90 | 18M | 4.0% | 14 / 21 | 11 / 7 | 4M | 1M |
| Q1 2024 | 83 | 15M | 3.4% | 13 / 22 | 10 / 8 | 2M | 1M |
| Q4 2023 | 78 | 14M | 3.1% | 11 / 14 | 14 / 23 | 1M | 3M |
| Q3 2023 | 90 | 15M | 3.5% | 32 / 20 | 11 / 14 | 4M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TMC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Materials Index Fund | 600,133 | 0.14% | $3.63M | 0.08% | May 31, 2026 |
| State Street(R) SPDR(R) Portfolio Developed World ex-US ETF | 358,215 | 0.08% | $1.59M | 0.00% | Jun 30, 2026 |
| iShares MSCI Global Metals & Mining Producers ETF | 255,175 | 0.06% | $1.54M | 0.07% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 252,088 | 0.06% | $1.53M | 0.01% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) International Small Cap ETF | 135,066 | 0.03% | $598.34K | 0.07% | Jun 30, 2026 |
| Fidelity Nasdaq Composite Index ETF | 118,537 | 0.03% | $717.15K | 0.01% | May 31, 2026 |
| Fidelity MSCI Materials Index ETF | 84,330 | 0.02% | $300.21K | 0.05% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) North American Natural Resources ETF | 76,649 | 0.02% | $339.56K | 0.05% | Jun 30, 2026 |
| Basic Materials Fund | 61,822 | 0.01% | $273.87K | 0.80% | Jun 30, 2026 |
| iShares International Small-Cap Equity Factor ETF | 44,750 | 0.01% | $159.31K | 0.02% | Jul 31, 2026 |
| Victory Extended Market Index Fund | 24,611 | 0.01% | $87.62K | 0.01% | Jul 31, 2026 |
| Carbon Collective Climate Solutions U.S. Equity ETF | 17,814 | 0.00% | $63.42K | 0.14% | Jul 31, 2026 |
| Basic Materials | 17,229 | 0.00% | $76.32K | 0.81% | Jun 30, 2026 |
| WisdomTree Efficient Rare Earth Plus Strategic Metals Fund | 14,913 | 0.00% | $90.22K | 1.14% | May 31, 2026 |
| iShares MSCI World Small-Cap ETF | 12,277 | 0.00% | $74.28K | 0.01% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Gerard Barron | Chairman & CEO, Director | 50,174,418 | 11.37% | Apr 15, 2026 |
| Erika ILVES | Chief Strategy Officer | 6,324,095 | 1.43% | Apr 15, 2026 |
| Craig Shesky | Chief Financial Officer | 2,098,476 | 0.48% | Apr 15, 2026 |
| Anthony O'Sullivan | Chief Development Officer | 2,746,843 | 0.62% | Dec 8, 2025 |
| Andrew Hall | Director | 466,993 | 0.11% | Sep 16, 2026 |
| Brendan May | Director | 193,346 | 0.04% | Jun 2, 2026 |
| Andrew Carlyle Greig | Director | 7,886,175 | 1.79% | Jun 2, 2026 |
| Christian Madsbjerg | Director | 419,308 | 0.10% | Jun 2, 2026 |
| Sheila Khama | Director | 353,598 | 0.08% | Jun 2, 2026 |
| Andrei Karkar | Director, 10% owner | 61,435,231 | 13.93% | Jun 2, 2026 |
| Alex Spiro | Director | 1,750,000 | 0.40% | Sep 4, 2025 |
| Michael Bernard Hess | Director | 3,570,863 | 0.81% | Sep 4, 2025 |
| Amelia Kinahoi Siamomua | Director | 294,452 | 0.07% | Jun 3, 2025 |
| Administratiekantoor Aequa Lance Foundation Stichting | 10% owner | 55,113,601 | 12.49% | Jul 7, 2026 |
| Group S.A. Allseas | 10% owner | – | – | Jul 7, 2026 |
| Edward Heerema | 10% owner | 62,419,168 | 14.15% | Jul 7, 2026 |
| Investments S.A. Allseas | 10% owner | 52,780,268 | 11.96% | Jul 7, 2026 |
| Cedit Virtuti NV Argentum | 10% owner | 1,000,000 | 0.23% | Jul 7, 2026 |
| Capital LLC ERAS | 10% owner | 84,754,790 | 19.21% | Jun 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Andrew Hall Director | Sep 11, 2026 | Award | +72,935 | – | – | 466,993 |
| Edward Heerema 10% owner | Jul 1, 2026 | Buy | +7,305,567 | – | – | 62,419,168 |
| Brendan May Director | Jun 2, 2026 | Sale | −20,768 | $6.42 | $133.33K | 193,346 |
| Sheila Khama Director | May 29, 2026 | Award | +16,528 | – | – | 353,598 |
| Sheila Khama Director | May 29, 2026 | Award | +17,316 | – | – | 337,070 |
| Andrew Carlyle Greig Director | May 29, 2026 | Award | +16,528 | – | – | 5,106,850 |
| Andrew Carlyle Greig Director | May 29, 2026 | Award | +20,292 | – | – | 5,090,322 |
| Capital LLC ERAS 10% owner | May 29, 2026 | Award | +16,528 | – | – | 459,996 |
| Capital LLC ERAS 10% owner | May 29, 2026 | Award | +17,857 | – | – | 443,468 |
| Brendan May Director | May 29, 2026 | Award | +16,528 | – | – | 214,114 |
| Christian Madsbjerg Director | May 29, 2026 | Award | +19,075 | – | – | 393,875 |
| Christian Madsbjerg Director | May 29, 2026 | Award | +16,528 | – | – | 410,403 |
| Andrew Hall Director | May 29, 2026 | Award | +16,528 | – | – | 394,058 |
| Andrew Hall Director | May 29, 2026 | Award | +18,263 | – | – | 377,530 |
| Erika ILVES Chief Strategy Officer | Apr 13, 2026 | Award | +453,515 | – | – | 5,214,199 |
| Gerard Barron Chairman & CEO, Director | Apr 13, 2026 | Award | +816,327 | – | – | 41,803,445 |
| Craig Shesky Chief Financial Officer | Apr 13, 2026 | Award | +453,515 | – | – | 1,879,356 |
| Craig Shesky Chief Financial Officer | Mar 26, 2026 | Sale | −215,492 | $4.53 | $976.18K | 1,425,841 |
| Craig Shesky Chief Financial Officer | Mar 25, 2026 | Sale | −78,186 | $4.58 | $358.09K | 1,641,333 |
| Craig Shesky Chief Financial Officer | Mar 24, 2026 | Sale | −51,941 | $4.74 | $246.20K | 1,719,519 |
| Craig Shesky Chief Financial Officer | Mar 20, 2026 | Option exercise | +187,662 | – | – | 1,396,583 |
| Craig Shesky Chief Financial Officer | Mar 20, 2026 | Option exercise | +166,502 | – | – | 1,563,085 |
| Craig Shesky Chief Financial Officer | Mar 20, 2026 | Option exercise | +208,375 | – | – | 1,771,460 |
| Craig Shesky Chief Financial Officer | Feb 10, 2026 | Option exercise | +63,204 | $0.65 | $41.08K | 1,208,921 |
| Christian Madsbjerg Director | Feb 6, 2026 | Option exercise | +31,602 | $0.65 | $20.54K | 374,800 |
| Christian Madsbjerg Director | Feb 6, 2026 | Option exercise | +11,578 | $0.52 | $6.02K | 343,198 |
| Andrei Karkar Director, 10% owner | Feb 6, 2026 | Option exercise | +31,602 | $0.65 | $20.54K | 425,611 |
| Andrei Karkar Director, 10% owner | Feb 3, 2026 | Option exercise | +63,682 | $0.52 | $33.11K | 394,009 |
| Andrew Carlyle Greig Director | Jan 8, 2026 | Option exercise | +31,602 | $0.65 | $20.54K | 5,070,030 |
| Andrew Carlyle Greig Director | Jan 8, 2026 | Option exercise | +578,931 | $2.60 | $1.51M | 5,038,428 |
| Andrew Carlyle Greig Director | Jan 8, 2026 | Option exercise | +11,578 | $0.52 | $6.02K | 4,459,497 |
| Anthony O'Sullivan Chief Development Officer | Dec 2, 2025 | Sale | −50,000 | $6.77 | $338.50K | 2,025,667 |
| Anthony O'Sullivan Chief Development Officer | Nov 28, 2025 | Sale | −50,000 | $6.51 | $325.50K | 2,075,667 |
| Erika ILVES Chief Strategy Officer | Sep 24, 2025 | Option exercise | +262,109 | $0.65 | $170.37K | 4,507,869 |
| Erika ILVES Chief Strategy Officer | Sep 24, 2025 | Option exercise | +252,815 | $0.65 | $164.33K | 4,760,684 |
| Erika ILVES Chief Strategy Officer | Sep 24, 2025 | Option exercise | +1,099,968 | $0.65 | $714.98K | 4,245,760 |
| Erika ILVES Chief Strategy Officer | Sep 23, 2025 | Award | +2,000,000 | – | – | 3,145,792 |
| Anthony O'Sullivan Chief Development Officer | Sep 23, 2025 | Award | +1,000,000 | – | – | 2,125,667 |
| Erika ILVES Chief Strategy Officer | Sep 22, 2025 | Sale | −1,591,485 | $5.77 | $9.18M | 1,145,792 |
| Michael Bernard Hess Director | Sep 2, 2025 | Award | +237,530 | – | – | 237,530 |
| Michael Bernard Hess Director | Sep 2, 2025 | Award | +7,500,000 | – | – | 7,737,530 |
| Alex Spiro Director | Sep 2, 2025 | Award | +1,750,000 | – | – | 1,750,000 |
| Anthony O'Sullivan Chief Development Officer | Aug 26, 2025 | Sale | −250,000 | $5.25 | $1.31M | 1,125,667 |
| Anthony O'Sullivan Chief Development Officer | Aug 26, 2025 | Option exercise | +250,000 | $0.65 | $162.50K | 1,375,667 |
| Brendan May Director | Jun 26, 2025 | Sale | −44,204 | $7.38 | $326.23K | 197,586 |
| Brendan May Director | Jun 25, 2025 | Sale | −25,000 | $7.80 | $195.00K | 241,790 |
| Anthony O'Sullivan Chief Development Officer | Jun 20, 2025 | Sale | −185,110 | $7.09 | $1.31M | 0 |
| Anthony O'Sullivan Chief Development Officer | Jun 9, 2025 | Sale | −50,000 | $4.20 | $210.00K | 185,110 |
| Andrew Hall Director | Jun 4, 2025 | Award | +66,508 | – | – | 359,267 |
| Christian Madsbjerg Director | May 30, 2025 | Award | +20,256 | – | – | 309,249 |
| Christian Madsbjerg Director | May 30, 2025 | Award | +22,371 | – | – | 331,620 |
| Andrew Carlyle Greig Director | May 30, 2025 | Award | +21,549 | – | – | 4,425,548 |
| Andrew Carlyle Greig Director | May 30, 2025 | Award | +22,371 | – | – | 4,447,919 |
| Sheila Khama Director | May 30, 2025 | Award | +5,890 | – | – | 297,383 |
| Sheila Khama Director | May 30, 2025 | Award | +22,371 | – | – | 319,754 |
| Capital LLC ERAS 10% owner | May 30, 2025 | Award | +18,963 | – | – | 307,956 |
| Capital LLC ERAS 10% owner | May 30, 2025 | Award | +22,371 | – | – | 330,327 |
| Brendan May Director | May 30, 2025 | Award | +22,371 | – | – | 266,790 |
| Andrew Hall Director | May 30, 2025 | Award | +19,395 | – | – | 270,388 |
| Andrew Hall Director | May 30, 2025 | Award | +22,371 | – | – | 292,759 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Brendan May Officer | Jun 2, 2026 | 20,768 | $133.41K | Jun 2, 2026 | Vesting of restricted stock unit awards |
| Craig Shesky Officer | Mar 26, 2026 | 215,492 | $976.92K | Mar 26, 2026 | Vesting of restricted stock unit awards |
| Craig Shesky Officer | Mar 25, 2026 | 78,186 | $358.30K | Mar 25, 2026 | Vesting of restricted stock unit awards |
| Craig Shesky Officer | Mar 24, 2026 | 51,941 | $246.11K | Mar 24, 2026 | Vesting of restricted stock unit awards |
| Erika ILVES Officer | Sep 22, 2025 | 1,591,485 | $9.19M | Sep 22, 2025 | Vesting of restricted stock unit award |
| Anthony O'Sullivan Officer | May 21, 2025 | 164,317 | $738.26K | May 21, 2025 | Vesting of restricted stock unit award |
| Craig Shesky Officer | Apr 1, 2025 | 353,702 | $585.51K | Apr 1, 2025 | Vesting of restricted stock unit award |
| Craig Shesky Officer | Nov 27, 2024 | 47,523 | $40.19K | Nov 27, 2024 | Vesting of restricted stock unit award |
| Anthony O'Sullivan Officer | May 29, 2024 | 100,000 | $154.00K | May 29, 2024 | Vesting of restricted stock unit award |
| Anthony O'Sullivan Officer | May 21, 2024 | 100,000 | $142.00K | May 21, 2024 | Vesting of restricted stock unit award |
| Gregory Stone Officer | Mar 28, 2024 | 25,000 | $33.12K | Mar 28, 2024 | Vesting of restricted stock unit award |
| Anthony O'Sullivan Officer | Mar 28, 2024 | 50,000 | $66.74K | Mar 28, 2024 | Vesting of restricted stock unit award |
| Craig Shesky Officer | Mar 22, 2024 | 233,424 | $375.51K | Mar 22, 2024 | Vesting of restricted stock unit award |
| Gregory Stone Officer | Dec 22, 2023 | 25,000 | $27.39K | Dec 22, 2023 | Vesting of restricted stock unit award |
| Gregory Stone Officer | Dec 4, 2023 | 25,000 | $29.06K | Dec 4, 2023 | Vesting of restricted stock unit award |